‘Very unusual’ pattern with investors in housing market

📆 13-07-22 05:06:00
📰 SkyNewsAust

⏱ Reading Time:
5 sec. here
2 min. at publisher
📊 Quality Score:
News: 5%
Publisher: 78%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Yellow Brick Road Home Loans Executive Chairman Mark Bouris says there is a “very unusual pattern” in the housing market with investors borrowing money out of Sydney or Melbourne “to buy in places like Adelaide”.

“They’re not even going in to inspect the places – they’re doing it all

online, and they’re buying these properties,” he told Sky News Australia.

Écrire un Commentaire

Interesting! I didn't know sky knew anything about real estate. Obviously, just an observation or just more rubbish!

Money laundering is dying?

What is unusual? Sydney & Melbourne have become so unaffordable that people living in these cities are buying in cities that they can afford. This will in turn make it hard for people in those cities. And the cycle will continue. Australia's property market is a horror show

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Malaysians join investor push into Melbourne’s fringe office marketEast Melbourne’s Marlion House has been purchased for $22.68m by a company associated with the family of Malaysian timber tycoon Admond Looh. The irony of a timber tycoon from Malaysia. palmoil
La source: FinancialReview - 🏆 2. / 90 Lire la suite »